Which of the Following Statements Is False Regarding Corporate Estimated

question 20

Multiple Choice

Which of the following statements is false regarding corporate estimated tax payments?

• A) The due dates for estimated tax payments are the 15th day of the 4th, 6th, 9th, and 12th months of the corporation's tax year.
• B) Corporations must pay estimated taxes only if they have a federal income tax liability greater than $10,000 (including the alternative minimum tax).
• C) Even though a corporation extends its tax return, it still must pay its tax liability for the year by three and one-half months after year-end.
• D) Corporations using the annualized income method for determining estimated tax payments project their tax liability for the year based on income from the first, second, and third quarters.

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Definitions:

Marketing Actions

Specific steps or strategies undertaken by companies to promote and sell products or services to target audiences.

New Product Development

A process used by companies to conceptualize, design, develop, and finally launch a new product in the market.

Nondurable Good

A product that is consumed or has a short life span, typically less than three years, such as food, fuel, or paper products.

Intangible Activities

Actions or processes that cannot be physically touched or measured, often associated with services, experiences, or intellectual properties.